📷 Image: Wikimedia Commons / Sardar Ummer Arif
Business
Gold Prices Surge After Diwali; JP Morgan Forecasts 46% Rise by 2026
✍️ NDTV
🗓 10 Nov 2026, 06:37 AM
👁 14
Gold prices climbed on the first trading day after Diwali, with analysts citing increased demand and a bullish outlook from JP Morgan, which projects a 46% rise by the end of 2026.
Gold prices rose sharply on the first day of trading after Diwali, reflecting a surge in demand from investors seeking a safe‑haven asset. The Indian bullion market recorded a notable uptick, with spot prices moving higher across major exchanges.
Financial analysts attribute the climb to a combination of seasonal buying and a broader market sentiment that favors precious metals amid global economic uncertainties. The rise was also supported by a bullish forecast from JP Morgan, which has projected a 46% increase in gold prices by the end of 2026.
JP Morgan’s outlook is based on expected inflationary pressures and a potential slowdown in global growth, factors that could drive investors toward gold as a hedge. The bank’s analysts also highlighted the role of currency fluctuations, particularly the depreciation of the Indian rupee, in boosting gold’s appeal.
While the immediate price jump offers a short‑term gain for traders, the long‑term forecast suggests sustained upward momentum, prompting many investors to consider adding gold to their portfolios. Market participants will closely monitor upcoming economic data and central bank policies for further signals.
The rise in gold prices has implications beyond the bullion market, affecting jewelry sales, manufacturing inputs, and the broader Indian economy where gold plays a significant cultural and financial role.
Financial analysts attribute the climb to a combination of seasonal buying and a broader market sentiment that favors precious metals amid global economic uncertainties. The rise was also supported by a bullish forecast from JP Morgan, which has projected a 46% increase in gold prices by the end of 2026.
JP Morgan’s outlook is based on expected inflationary pressures and a potential slowdown in global growth, factors that could drive investors toward gold as a hedge. The bank’s analysts also highlighted the role of currency fluctuations, particularly the depreciation of the Indian rupee, in boosting gold’s appeal.
While the immediate price jump offers a short‑term gain for traders, the long‑term forecast suggests sustained upward momentum, prompting many investors to consider adding gold to their portfolios. Market participants will closely monitor upcoming economic data and central bank policies for further signals.
The rise in gold prices has implications beyond the bullion market, affecting jewelry sales, manufacturing inputs, and the broader Indian economy where gold plays a significant cultural and financial role.